We’re doing things a bit different this week. Instead of our usual social media roundup, we’re ceding the floor to our financial anchor, Jessica Borg.
That’s because earlier this week, she interviewed our very own Chris Coney.
You likely know Chris as the host of the Weiss Crypto Sunday Special, where he picks the brains of our crypto gurus each week to break down everything from market trends to tokenomics.
But you may not have known that Chris is a crypto guru in his own right. He’s the author of “The Bitcoin Savings Plan,” and his podcast, “The Cryptoverse,” has been downloaded over 5 million times.
Chris is also the creator of Cryptoversity, an online education service offering 10 (and counting) high-quality training programs on crypto technology, trading and decentralized finance (DeFi).
And it’s that last sector that piqued Jessica’s interest.
DeFi is not only an exploding sector of the crypto sphere but also one of the biggest wealth-generating trends in the world.
In just over a year, the sector grew from $1 billion to well over $100 billion.
Now, Jessica wants to explore how investors can score huge in DeFi.
In this six-minute interview,Chris explains some of the key differences between DeFi and traditional finance and how those differences have given rise to the trend of yield farming, where double-digit annual percentage yield (APY) is there for the taking.
With zero intermediaries in the space, Chris says DeFi platforms are all vying for investors to use them and providing incentives:
In crypto, custody of the asset is with the individual. That’s not the case in the old financial system, where an individual investor does not have possession of their assets. It’s held by a broker or a bank.
Because you have custody of your asset, in just two clicks, you can rip it out of one transaction and put it with another service provider. So, these service providers must court your business.
And that’s what we’re finding with these yield farms that offer yields on stablecoins and other crypto assets. Because it’s two clicks to move your money, competition is rife.
In this insightful video, Chris discusses:
- The “only two ways of making money in the financial sector.”
- How “10,000 crypto assets” are being categorized within the crypto space.
- How stablecoins can be the lifeblood of “true global finance.”
- And more!
The information in this short segment couldn’t be timelier. I suggest you watch it now.
You also don’t want to miss the DeFi MasterClass he’s teaching, where he’ll reveal the best ways to capitalize on lesser-known DeFi coins. These coins can soar well beyond 1300% … and that’s on the low end.
Chris is passionate about sharing his knowledge of the crypto markets and demystifying the space. This DeFi MasterClass is just one way he’s meeting that goal. Anyone interested in the future of crypto should check it out.
Best,
Beth Canova
Managing Editor
P.S. You can catch up on Jessica’s most recent videos with all of our Weiss Ratings experts, starting with these ...
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